Lazard, Inc. (NYSE: LAZ) has completed its acquisition of Campbell Lutyens. The firm also launched Lazard CL, the global leader in private capital advisory. Lazard first announced the transaction on April 30, 2026. The deal brings together top-tier bankers and worldwide operations from both businesses. Moreover, Lazard CL marks a milestone in the Lazard 2030 strategy. That strategy targets long-term, profitable growth. It also widens client solutions and diversifies the firm’s revenue.
Peter Orszag, CEO and Chairman of Lazard: “We are thrilled to launch our third global business, Lazard CL. By pairing leading global positions in primary fundraising and secondary advisory with our world-class M&A, capital markets, and restructuring expertise, we are deepening the connectivity between our advisory businesses and strengthening our reach across both the largest strategic transactions and private capital activity. Campbell Lutyens is an exceptional firm with outstanding talent and a culture much like ours—commercial, collegial, and committed to clients—and I am delighted to welcome the team to Lazard.”
Lazard CL combines two highly complementary platforms. Both have a long record of delivering results for clients. The new business employs more than 300 advisory professionals across 19 offices worldwide. Together, the teams have advised on more than $1 trillion of primary capital raised and secondary transaction volume. That total covers approximately 1,300 mandates over the past four decades.
Meanwhile, fundraising keeps getting more competitive, and liquidity solutions keep getting more complex. As a result, institutional investors, financial sponsors, and their portfolio companies need independent, differentiated advice across the full private capital lifecycle. Lazard CL’s global distribution network, deep expertise, and execution record position it well to meet that need.
What Lazard CL Offers Private Capital Clients
Lazard CL offers four core strengths.
- One Platform, Multiple Solutions: The firm provides fund placement, primary fundraising, secondary advisory, and GP capital advisory services. Financial sponsors, institutional investors, and other active market participants can use them across the private capital lifecycle. Services run from capital formation to liquidity to strategic alternatives. In addition, a dedicated team of more than 60 LP distribution professionals connects approximately 4,000 institutional investors to investment opportunities and liquidity solutions.
- Deep Asset Class and Transaction Experience: The teams hold specialized expertise in private equity, private credit, infrastructure, and real estate. They also cover every major capital center, including North America, Europe, the Middle East, and Asia-Pacific.
- A Differentiated Data Advantage: Lazard built proprietary datasets over the last 15 years. They currently reference approximately 100,000 investor sentiment data points and approximately 20,000 fund pricing data points. Lazard’s leading AI capabilities then use this data. As a result, clients gain sharper benchmarking, positioning, and investor targeting.
- Independent Advice: Lazard CL operates as a dedicated business built for private capital clients. It draws on Lazard’s global brand and infrastructure while operating autonomously. Consequently, it delivers independent, objective, and discreet counsel at every stage, from initial fundraising to GP capital advisory.
Gordon Bajnai, Co-CEO of Lazard CL: “Today, Lazard CL opens its doors as the largest integrated platform in private capital advisory anywhere in the world. Campbell Lutyens spent 38 years building an independent, entrepreneurial franchise rooted in a client-first mentality, and that same spirit now carries forward into our new business. Along with Lazard’s strength across Financial Advisory, Lazard CL gives our clients a global scale and reach that few in the industry can match.”
Holcombe Green, Co-CEO of Lazard CL: “Lazard CL represents the next stage of everything we’ve built in private capital advisory at Lazard over the past five years—a period in which our business has more than doubled its revenue and expanded its footprint globally. This transaction augments our standout capabilities in private equity and real estate with category leadership in infrastructure and private credit, bringing the expertise of our teams together to create the most comprehensive business in the private capital advisory space.”
Lazard shared the deal terms when it announced the acquisition on April 30, 2026. The firm paid the upfront consideration at close primarily in Lazard stock. Lock-up arrangements of up to three years apply to portions of that stock. Furthermore, the structure strengthens Lazard’s balance sheet. It also aligns the combined team with the firm’s long-term performance.
On its third quarter and first nine months of 2026 earnings call, Lazard said the Campbell Lutyens business is performing ahead of the assumptions behind the acquisition. The firm still expects Lazard CL to generate approximately $500 million of estimated combined revenue. It also expects the business to add to earnings in 2027, before any revenue or expense synergies. For more information, visit Lazard.com.
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News Source: PRNewswire.com
